Technology
Cybersecurity Market to Surge by USD 107.1 Billion (2024-2028), Driven by Rising Mobile Device Usage, AI-Driven Report Highlights Evolving Market Landscape – Technavio
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NEW YORK, Nov. 12, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global cyber security market size is estimated to grow by USD 107.1 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 9.6% during the forecast period. Increase in use of mobile devices is driving market growth, with a trend towards adoption of IOT. However, high cost of deployment poses a challenge.Key market players include AO Kaspersky Lab, Booz Allen Hamilton Holding Corp., Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Dell Technologies Inc., Fortinet Inc., F Secure Corp., General Dynamics Corp., Hewlett Packard Enterprise Co, International Business Machines Corp., Juniper Networks Inc., Lockheed Martin Corp., McAfee LLC, Microsoft Corp., Northrop Grumman Corp., RTX Corp., Sophos Ltd., The Boeing Co., and Trend Micro Inc..
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Cyber Security Market Scope
Report Coverage
Details
Base year
2023
Historic period
2018 – 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 9.6%
Market growth 2024-2028
USD 107.1 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
10.59
Regional analysis
North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution
North America at 39%
Key countries
US, China, UK, Germany, and Japan
Key companies profiled
AO Kaspersky Lab, Booz Allen Hamilton Holding Corp., Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Dell Technologies Inc., Fortinet Inc., F Secure Corp., General Dynamics Corp., Hewlett Packard Enterprise Co, International Business Machines Corp., Juniper Networks Inc., Lockheed Martin Corp., McAfee LLC, Microsoft Corp., Northrop Grumman Corp., RTX Corp., Sophos Ltd., The Boeing Co., and Trend Micro Inc.
Market Driver
The Cybersecurity market is experiencing significant growth due to the increasing use of digital technologies in business. Companies like CSIS, McAfee, and Broadcom are leading the way in providing cybersecurity solutions for IT infrastructure, including AI-powered threat detection and response, cloud security services, and network security. With the rise of IoT devices, Big Data Analytics, and digital transactions, regulatory compliance with standards like HIPPA, GDPR, PCI DSS, ONDC, and Open Commerce is crucial. SMEs and large enterprises alike face cyber threats, operational disruptions, and the need for skilled cybersecurity personnel to address the cyber talent shortage and budget constraints. Cloud-based cybersecurity solutions, including SaaS and IaaS, offer deployment and implementation challenges. NGFWs, application security, and endpoint security are essential components of a cybersecurity strategy. Cyber attacks against healthcare organizations and e-commerce platforms continue to be a concern. Machine learning and blockchain technologies are being explored to enhance security. The cybersecurity market ecosystem includes MSS providers, threat detection and response services, and cloud-based security solutions.
The Internet of Things (IoT) market facilitates the connection between various devices, enabling them to exchange data stored in the cloud. This data requires organization for efficient analysis and presentation. IoT enhances connectivity and addresses critical situations. Future advancements will integrate advanced features, such as mobile app control for home appliances and wearable devices tracking fitness metrics. IoT fosters seamless communication between systems, devices, and services.
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Market Challenges
The Cybersecurity market is facing numerous challenges in the current IT landscape. With the increasing use of digital technologies like AI, IoT, Big Data Analytics, and Cloud Computing, the threat landscape is expanding rapidly. Regulatory compliance requirements such as HIPPA, GDPR, PCI DSS, ONDC, Open Commerce, and various industry-specific standards add to the complexity. Cyber Threats like attacks on Cloud Computing, IoT Devices, and Digital Transactions are on the rise, leading to operational disruptions and data protection concerns. Cybersecurity workforce shortage and budget constraints make it challenging for organizations, especially SMEs, to implement effective cybersecurity measures. MSS providers offer Threat Detection and Response services, but deployment and implementation challenges persist. Network Security solutions like NGFWs are essential, but large enterprises and healthcare sectors face unique challenges. Cloud-based cybersecurity solutions like Cloud Security Services, SaaS, and IaaS are increasingly popular, but deployment and budget constraints remain. Cybersecurity Market Ecosystem players like CSIS, McAfee, Broadcom, and NBER are leveraging Machine Learning and Artificial Intelligence to enhance threat detection and response capabilities. End-point security and Cloud application security are critical areas of focus. The Cybersecurity Market is expected to grow significantly, driven by the increasing use of digital technologies and the need for cybersecurity solutions.The global cyber security market faces a significant challenge due to the increasing costs of implementing and maintaining cyber security solutions. As cyber threats become more intricate and frequent, businesses are required to invest heavily in protective measures to shield their valuable data and systems. However, the financial strain of purchasing advanced hardware and software, hiring skilled cybersecurity personnel, and conducting routine security evaluations can be burdensome, especially for small and medium-sized enterprises with limited financial resources. The expenses also include ongoing staff training and adherence to various industry regulations, adding to the overall cost. Organizations must carefully weigh the benefits of comprehensive cyber security strategies against the financial implications.
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Segment Overview
This cyber security market report extensively covers market segmentation by
End-user 1.1 Government1.2 BFSI1.3 ICT1.4 Manufacturing1.5 OthersDeployment 2.1 On-premises2.2 Cloud-basedGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America
1.1 Government- The global cyber security market in the government sector is projected to expand significantly due to the increasing number of security installations in developed and developing countries. With the heightened importance of data confidentiality and security, governments worldwide are adopting cyber security solutions. In the US, for instance, the Federal Bureau of Investigation (FBI) is leading the charge against cyberattacks, with the creation of the Cyber Division and the placement of cyber squads in each field office. The FBI’s new initiatives include Cyber Action teams and Computer Crimes Task Forces, all aimed at enhancing cyber security capabilities. In 2020, the US Department of Defense experienced hacking attacks, leading to the signing of a memorandum of understanding (MoU) between the Department of Defense, Defense Innovation Unit, and the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency. The rise in cyberattacks, particularly during the COVID-19 pandemic, is further fueling the demand for cyber security solutions, making this a significant growth area for the global cyber security market.
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Research Analysis
Cybersecurity is a critical aspect of IT infrastructure in the digital age, with various threats constantly emerging. CSIS (Cybersecurity and Infrastructure Security Agency) the importance of securing digital technologies against cyber attacks. AI, IoT, Big Data Analytics, Cloud Computing, and Digital Transactions are key areas of focus due to their increasing use and vulnerabilities. Regulatory compliance with HIPAA and GDPR is essential for healthcare and business organizations, respectively. Cyber threats continue to evolve, requiring advanced solutions like Machine Learning and AI. Remote work and e-commerce platforms present new challenges. MSS (Managed Security Services) providers offer solutions for organizations. Broadcom, NBER, and other tech companies are investing in cybersecurity research and development. Blockchain technology offers potential for enhanced security in digital transactions. Cybersecurity is an ongoing priority for businesses and individuals in the digital world.
Market Research Overview
The Cybersecurity market is a rapidly growing sector driven by the increasing use of digital technologies in business and daily life. With the proliferation of IT systems, IoT devices, and cloud computing, the need for cybersecurity solutions has become paramount. Cyber Threats such as operational disruptions, data breaches, and regulatory non-compliance pose significant risks to organizations. CSIS and McAfee are among the digital technologies leading the charge in cybersecurity. AI, Big Data Analytics, and Machine Learning are essential tools in threat detection and response. HIPAA, GDPR, PCI DSS, ONDC, Open Commerce, and various regulatory frameworks ensure data protection and privacy. Cybersecurity challenges extend to SMEs, SaaS, IaaS, and cloud-based cybersecurity solutions. Skilled cybersecurity personnel are in high demand, but the cyber talent shortage and budget constraints hinder deployment and implementation. Network Security solutions like NGFWs and cloud security services are crucial for securing digital transactions and protecting against cyber attacks. Remote work and digital commerce platforms like e-commerce and cloud applications require additional layers of security. Blockchain and End-point security offer potential solutions to these challenges. The cybersecurity market ecosystem continues to evolve, with large enterprises and healthcare sectors leading the way in adopting advanced cybersecurity solutions.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
End-userGovernmentBFSIICTManufacturingOthersDeploymentOn-premisesCloud-basedGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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AsiaPay Champions Women-Led Ventures Across APAC with A$40K in Prizes
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Second Year of Support for Women Entrepreneurs Driving Positive Change
MELBOURNE, Australia, Nov. 26, 2024 /PRNewswire/ — LIFTWOMEN®, the global platform empowering female entrepreneurs, is thrilled to announce the return of its LiftHER Female Founders Grant Challenge, supported once again by AsiaPay Capital. This year, AsiaPay’s continued sponsorship amplifies its commitment to fostering innovation and inclusion, with A$40K in prizes for finalists and winners. Following the success of last year’s inaugural challenge—which received over 300 applications from five APAC regions—the LiftHER initiative remains dedicated to supporting women-led ventures that drive positive social and environmental impact.
The previous LiftHER cohort celebrated diverse founders from Australia, Vietnam, Hong Kong SAR, Indonesia, and the Philippines, showcasing businesses across MedTech, sustainable consumer products, and digital platforms. These finalists have not only made strides in their industries but have collectively engaged audiences of over 500,000 across social media and earned coverage in major media outlets, including Forbes, CNN, and LinkedIn Top Voice.
In 2024, nine finalists will again be selected to participate in an intensive 8-week business and crowdfunding coaching program. Last year’s winners included OVUM (Australia), an AI-driven women’s health assistant, La Foundary (Australia), which transforms waste into biomaterials, and Urban Farmer TV (Philippines), dubbed the “Netflix for urban gardening.”
Irene Tsang, Founder and CEO of LIFTWOMEN®, emphasised the vital role that AsiaPay’s support plays in sustaining the challenge and uplifting these visionary founders. “AsiaPay’s partnership is instrumental in ensuring that female founders have access to resources that are often out of reach,” said Tsang. “Their commitment goes beyond sponsorship; it is a powerful affirmation that women-led ventures are key to creating a sustainable and inclusive future. The LiftHER Grant Challenge is more than just a competition—it’s a platform to break down systemic funding barriers, empowering women to lead impactful change.”
Joseph Chan, CEO of AsiaPay Capital, added, “AsiaPay Capital is honoured to support LIFTWOMEN® again this year, backing a program that aligns with our values of innovation and inclusive growth. The quality of last year’s applicants was inspiring, and we look forward to seeing new ideas that merge technology, sustainability, and gender equality to shape the future of business in Asia.”
Applications for the LiftHER Grant Challenge opened on 11 November 2024 and will close on 3 January 2025. Finalists will be announced in late January and will start their journey with international mentors in February, leading up to the Pitch Night in April 2025, where A$40,000 in grant funding will be awarded across four categories: Sustainable Future, Innovation & Impact, Digital Commerce, and People’s Choice.
For more information about the LiftHER Female Founders Grant Challenge or to apply, please visit: https://www.lifther.liftwomen.com/
About LIFTWOMEN®
LIFTWOMEN® Group, founded in 2021 by Irene Tsang, is a global start-and-scale platform for women-led businesses. Designed to bridge the gender funding gap, the platform provides female entrepreneurs with equity-free and debt-free capital, along with the tools, mentorship, and community support they need to succeed. With operations across Australia and Asia, LIFTWOMEN®’s mission is to foster financial inclusion, promote sustainable business growth, and empower women to achieve financial independence.
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AsiaPay Capital, an incubation arm of the AsiaPay Group, a leading digital payment player in Asia, strives to accelerate the growth of startups in the new economy and digital sectors in Asia. Through financial backing, local operational resources and facility access, mentorship, and innovation synergy, investees benefit from a streamlined pathway to expand and grow. AsiaPay Capital offers startups a comprehensive range of advanced payment solutions, and gain access to a broad capital, client and partner base, ensuring a faster and more secure regional expansion in Asia.
https://www.asiapaycapital.com/
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Technology
Mirae Asset Expands Active ETF Product Line with the Launch of Global X India Sector Leader Active ETF (3084) and Global X Emerging Markets Asia Active ETF (3104)
Published
19 minutes agoon
November 26, 2024By
HONG KONG, Nov. 26, 2024 /PRNewswire/ — Mirae Asset Global Investments (Hong Kong) Limited (referred to as “Mirae Asset”) today announced the launch of two new products to further enhance its active ETF lineup. The new ETFs are the Global X India Sector Leader Active ETF (stock code: HKD counter 3084 / USD counter 9084) and the Global X Emerging Markets Asia Active ETF (stock code: HKD counter 3104 / USD counter 9104).
The Global X India Sector Leader Active ETF aims to achieve long-term capital appreciation by primarily investing in equities and equity-related securities of sector-leading companies that are domiciled in India or conduct a significant portion of their economic activities there. At least 70% of the fund’s assets will be invested in companies with strong market share and profitability in the Indian market, targeting robust long-term growth. The investment strategy focuses on companies with high market share and profitability to generate stable returns. Additionally, the fund employs a flexible portfolio strategy without fixed industry weights, allowing it to effectively respond to market changes. As a registered foreign investor, this fund provides investors with convenient access to the Indian market, enabling them to share in the country’s economic growth.
The Global X Emerging Markets Asia Active ETF targets long-term capital appreciation through concentrated investments in equities and equity-related securities of companies domiciled in or conducting significant economic activities in emerging Asian markets. At least 70% of the fund’s assets will be invested in companies from emerging Asian markets excluding China, aiming to capture growth potential in these economies. The investment strategy focuses on seizing economic growth opportunities in these regions. By employing a rigorous stock selection process that combines quantitative screening with qualitative research, the fund ensures the selection of stocks with strong growth potential. Furthermore, the portfolio is broadly diversified, with no fixed industry weights or market capitalization limits, allowing for flexibility in responding to market trends and providing more investment opportunities.
Mr. Wanyoun CHO, Chief Executive Officer of Mirae Asset Global Investments (Hong Kong) Limited, stated, “With the launch of these two new ETFs, Mirae Asset is expanding its product line in the active ETF space to meet the diverse needs of investors seeking thematic growth strategies. We firmly believe that the economic potential in India and emerging Asian markets is immense, and as these regions continue to develop, investment opportunities will become increasingly abundant. By leveraging local expertise, our investment approach focuses on generating long-term alpha and assessing risks, fully aligning with the growth potential of these markets. Through these new products, investors will be better positioned to capitalize on growth opportunities in these regions and maximise their benefits.”
For more information about the Global X India Sector Leader Active ETF (3084) and Global X Emerging Markets Asia Active ETF (3104), please visit the Global X ETFs website at www.globalxetfs.com.hk.
About Mirae Asset Global Investments Group
Mirae Asset Global Investments Group (the “group”) is an asset management organization with over US$272 billion in assets under management as of Sep 30, 2024[1]. The organization provides a diverse range of investment products including mutual funds, exchange traded funds (“ETFs”), and alternatives. Operating out of 25 offices worldwide, the group has a global team of more than 1,000 employees, including more than 200 investment professionals.
The group’s global ETF platform features a line-up of 601 ETFs that offer investors high quality and cost-efficient exposure to newly emerging investment themes and disruptive technologies in the global markets.[2] The group’s ETFs have combined assets under management of US$137 billion and are listed in Australia, Canada, Colombia, Europe, Hong Kong (SAR), India, Japan, Korea, Vietnam, the United Kingdom, and the United States.[3]
About Global X ETFs
Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product line-up features over 384 ETF strategies and over $92 billion in assets under management.[4] While we are distinguished for our Thematic Growth, Income, and International Access ETFs, we also offer Core, Commodity, and Alpha funds to suit a wide range of investment objectives. Global X is a member of Mirae Asset Financial Group, a global leader in financial services, has a presence in 19 global markets and the group’s managed assets exceed US$606 billion in assets under management worldwide.[5]
Mirae Asset Global Investments Hong Kong: https://www.am.miraeasset.com.hk/
Global X ETFs Hong Kong: www.globalxetfs.com.hk
Important Information
Global X India Sector Leader Active ETF
Investors should not base investment decisions on this document alone. Please refer to the Prospectus for details including product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance. There is no guarantee of the repayment of the principal. Investors should note:
Global X India Sector Leader Active ETF (the “Fund”)’s investment objective is to achieve long term capital growth by primarily investing in equities and equity-related securities of sector leading companies domiciled in or exercising a large portion of their economic activity in India.The Fund will invest primarily (i.e. at least 70% of its net asset value (the “Net Asset Value”) in equities and equity-related securities (such as common shares, preferred stock as well as American depositary receipts (“ADRs”), global depositary receipts (“GDRs”) and participation notes) of sector leading companies domiciled in or exercising a large portion of their economic activities (e.g., having investments, production activities, trading or other business interests) in India.The Fund employs an actively managed investment strategy. The Fund does not seek to track any index or benchmark, and there is no replication or representative sampling conducted by the Manager. It may fail to meet its objective as a result of the Manager’s selection of investments, and/or the implementation of processes which may cause the Fund to underperform as compared to other index tracking funds with a similar objective.The Fund’s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors.The Fund is an FPI registered with the SEBI. The applicable laws, rules and guidelines on FPI impose limits on the ability of FPI to acquire shares in certain Indian issuers from time to time and are subject to change. This may also adversely affect the performance of the Fund.The FPI status of the Sub-Fund may be revoked by the SEBI under certain circumstances. In the event the Fund’s registration as an FPI is cancelled, revoked, terminated or not renewed, this would adversely impact the ability of the Fund to make further investments, or to hold and dispose of existing investment in Indian securities. The Fund may be required to liquidate all holdings in Indian securities acquired by the Fund as an FPI. Such liquidation may have to be undertaken at a substantial discount and the Fund may suffer significant/substantial losses.The Fund’s investments are concentrated in securities in India. The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the Indian market.High market volatility and potential settlement difficulties in the equity market in India may result in significant fluctuations in the prices of the securities traded on such market and thereby may adversely affect the value of the Fund. The BSE has the right to suspend trading in any security traded thereon. The Indian government or the regulators in India may also implement policies that may affect the Indian financial markets. There can be no assurance that the Indian government will not impose restrictions on foreign exchange and the repatriation of capital.The taxation of income and capital gains in India is subject to the fiscal law of India. The tax rate in respect of capital gains derived by an FPI on transfer of securities will vary depending upon various factors. Any increased tax liabilities on the Fund may adversely affect the Net Asset Value of the Fund. For details, please refer to the section headed “Taxation in India” in the Prospectus. Any shortfall between the provision and the actual tax liabilities, which will be debited from the assets of the Fund, will adversely affect its Net Asset Value.Underlying investments of the Fund may be denominated in currencies other than the base currency of the Fund. In addition, the base currency of the Fund is USD but the trading currency of the Fund is in HKD. The Net Asset Value of the Fund and its performance may be affected unfavourably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.Securities lending transactions may involve the risk that the borrower may fail to return the securities lent out in a timely manner or at all. The Fund may as a result suffer from a loss or delay when recovering the securities lent out. This may restrict the Fund’s ability in meeting delivery or payment obligations from realisation requests.The trading price of the Units on the SEHK is driven by market factors such as the demand and supply of the Units. Therefore, the Units may trade at a substantial premium or discount to the Fund’s Net Asset Value.Investors should note that where a unitholder holds Listed Class of Units traded under the USD counter, the relevant unitholder will only receive distributions in HKD and not USD.Payments of distributions out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions involving payment of dividends out of capital or effectively out of capital of the Fund may result in an immediate reduction in the Net Asset Value per Unit of the Fund and will reduce the capital available for future investment.
Global X Emerging Markets Asia Active ETF
Investors should not base investment decisions on this document alone. Please refer to the Prospectus for details including product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance. There is no guarantee of the repayment of the principal. Investors should note:
Global X Emerging Markets Asia Active ETF (the “Fund”)’s investment objective is to achieve long term capital growth by primarily investing in equities and equity-related securities of companies domiciled in or exercising a large portion of their economic activities in emerging markets in Asia.The Fund will invest primarily (i.e. at least 70% of its net asset value (the “Net Asset Value”) in equities and equity-related securities (such as common shares, preferred stock as well as American depositary receipts (“ADRs”), global depositary receipts (“GDRs”) and participation notes) of companies domiciled in or exercising a large portion of their economic activities (e.g., having investments, production activities, trading or other business interests) in emerging markets in Asia, such as India, Indonesia, Korea, Malaysia, Philippines, Taiwan and Thailand, Vietnam, Bangladesh, Pakistan and Sri Lanka, but excluding Mainland China.The Fund employs an actively managed investment strategy. The Fund does not seek to track any index or benchmark, and there is no replication or representative sampling conducted by the Manager. It may fail to meet its objective as a result of the Manager’s selection of investments, and/or the implementation of processes which may cause the Fund to underperform as compared to other index tracking funds with a similar objective.The Fund’s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors.The Fund invests in the emerging markets which may involve increased risks and special considerations not typically associated with investment in more developed markets, such as liquidity risks, currency risks/control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risk and the likelihood of a high degree of volatility.The Fund may invest in stocks of small-capitalisation/mid-capitalisation companies. The stock of small-capitalisation/mid-capitalisation companies may have lower liquidity and their prices are more volatile to adverse economic developments than those of larger capitalisation companies in general.Underlying investments of the Fund may be denominated in currencies other than the base currency of the Fund. In addition, the base currency of the Fund is USD but the trading currency of the Fund is in HKD. The Net Asset Value of the Fund and its performance may be affected unfavourably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.Securities lending transactions may involve the risk that the borrower may fail to return the securities lent out in a timely manner or at all. The Fund may as a result suffer from a loss or delay when recovering the securities lent out. This may restrict the Fund’s ability in meeting delivery or payment obligations from realisation requests.The trading price of the Units on the SEHK is driven by market factors such as the demand and supply of the Units. Therefore, the Units may trade at a substantial premium or discount to the Fund’s Net Asset Value.Investors should note that where a unitholder holds Listed Class of Units traded under the USD counter, the relevant unitholder will only receive distributions in HKD and not USD.Payments of distributions out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions involving payment of dividends out of capital or effectively out of capital of the Fund may result in an immediate reduction in the Net Asset Value per Unit of the Fund and will reduce the capital available for future investment.
Disclaimer
This document is for Hong Kong investors only. This document is provided for information and illustrative purposes and is intended for your use only. It is not a solicitation, offer or recommendation to buy or sell any security or other financial instrument. The information contained in this document has been provided as a general market commentary only and does not constitute any form of regulated financial advice, legal, tax or other regulated services.
Certain of the statements contained in this document are statements of future expectations and other forward-looking statements. Views, opinions and estimates may change without notice and are based on a number of assumptions which may or may not eventuate or prove to be accurate. Actual results, performance or events may differ materially from those in such statements.
Investment involves risk. Past performance is not indicative of future performance. It cannot be guaranteed that the performance of the Funds will generate a return and there may be circumstances where no return is generated or the amount invested is lost. It may not be suitable for persons unfamiliar with the underlying securities or who are unwilling or unable to bear the risk of loss and ownership of such investment. Before making any investment decision, investors should read the Prospectus for details and the risk factors. Investors should ensure they fully understand the risks associated with the Funds and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investment.
Information and opinions presented in this document have been obtained or derived from sources which in the opinion of Mirae Asset Global Investments (Hong Kong) Limited (“MAGIHK”) are reliable, but we make no representation as to their accuracy or completeness. We accept no liability for a loss arising from the use of this document.
Products, services and information may not be available in your jurisdiction and may be offered by affiliates, subsidiaries and/or distributors of MAGIHK as stipulated by local laws and regulations. This document is not directed to any person in any jurisdiction where the availability of this document is prohibited. Persons in respect of whom such prohibitions apply or persons other than those specified above must not access this document. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. Please consult with your professional adviser for further information on the availability of products and services within your jurisdiction.
This document is issued by MAGIHK (Licensed by the Securities and Futures Commission for Types 1, 4 and 9 regulated activities under the Securities and Futures Ordinance). This document has not been reviewed by the Securities and Futures Commission or the applicable regulator in the jurisdiction in which this article is posted and no part of this publication may be reproduced in any form, or referred to in any other publication, without express written permission of MAGIHK.
Copyright © 2024 Mirae Asset Global Investments. All rights reserved.
[1] Source: Mirae Asset Global Investments, Sep 30, 2024.
[2] Source: Mirae Asset Global Investments, Sep 30, 2024.
[3] Source: Mirae Asset Global Investments, Sep 30, 2024.
[4] Source: Mirae Asset Global Investments, Sep 30, 2024.
[5] Source: Mirae Asset Financial Group, Jun 30, 2024.
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SAN FRANCISCO, Nov. 25, 2024 /PRNewswire/ — Schubert Jonckheer & Kolbe LLP is investigating a data breach impacting the private personal and health information of 115,837 patients held by RRCA Accounts Management, Inc., an Illinois-based collection agency.
On or about October 18, 2024, RRCA notified patients that it experienced a ransomware attack on its systems. During that attack, the Play ransomware group infiltrated its systems and accessed and stole their records, including their clients’ customers’ personal information.
RRCA recently informed patients that the following private information may have been stolen in the breach: names, addresses, dates of birth, phone numbers, emails, Social security numbers or taxpayer IDs, driver’s license numbers, passport numbers, health insurance information, health data (such as medical record numbers and places of treatment and doctors), health payment information (such as billing and insurance claims and payment card and account numbers), usernames or IP addresses, and potentially some demographic information (such as genders, religious views, or races).
If your personal information was impacted by this incident, you may be at risk of identity theft, healthcare fraud, and other serious violations of your privacy. As a result, you may be entitled to money damages and an injunction requiring changes to the company’s cybersecurity practices.
If you received notification of this data breach from RRCA or an identity protection service and wish to obtain additional information about your legal rights, please contact us today or visit our website at https://www.classactionlawyers.com/rrca.
About Schubert Jonckheer & Kolbe LLP
Schubert Jonckheer & Kolbe represents consumers, employees, and shareholders in class actions and shareholder derivative actions against corporate defendants, focusing on data privacy. The firm is based in San Francisco, and with the help of co-counsel, litigates cases nationwide.
Contact
Amber L. Schubert
Schubert Jonckheer & Kolbe LLP
aschubert@sjk.law
Tel: 415-788-4220
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